Can I Put A Limit On My Spending With A Prepaid Credit Card? www.Prepaidgiftbalance.com Credit Cards

Since the boom of the credit card, there has been the boom sound of the mouths drop all over when they get their credit card bill, now the easy way to avoid this…a prepaid credit card. A prepaid credit card is very similar to having a debit card in more than one way, and is an easy way to not go into debt, the downside it does not build your credit like a credit card would. www.prepaidgiftbalance

How do I go about getting a prepaid credit card?

You get a prepaid credit card by opening an account, about the same way you would open a new bank account. You open this new account and deposit a certain amount of money, the amount is entirely up to you. Soon after you are issued a prepaid credit card, that cane be used anywhere a regular credit card can be.

So I can spend like no tomorrow?

No, with a prepaid credit card your limit is the amount of money you put into your account, once that is gone, your card can not be used anymore. Once you deposit more money into the account you can again use the card. Also to add money into your account you may sometimes be charged a fee, this fee may be charged every time you deposit money into the account, this is solely based on the bank you open your account with, so make sure you know when you open it.

So what is the difference between a credit card and a prepaid credit card?

A prepaid credit card is much like a regular credit card, except there are no fees. A prepaid credit card does not charge any APR and you never receive a credit card bill. A prepaid credit card however does not build your credit whereas a credit card will. Think of it this way, with a prepaid credit card you are way less likely to ever go into debt.

Downfalls

If you were hoping to get a prepaid credit card to allow you to buy an online subscription think again. Some businesses today do not allow prepaid credit cards, for the fear of there not being any money when it comes to taking it out to pay for the bills. Again having a prepaid credit card does not build your credit so be aware of this.

Who was this card made for?

The prepaid credit card was designed to target those people who did not want to have to worry about going into debt, receiving a monthly bill, or even carrying paper money around with them at all times. This was also a way for parents to give their children a bit more freedom without having to worry about them going insane with their money.

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Since the boom of the credit card, there has been the boom sound of the mouths drop all over when they get their credit card bill, now the easy way to avoid this…a prepaid credit card. A prepaid credit card is very similar to having a debit card in more than one way, and is an easy way to not go into debt, the downside it does not build your credit like a credit card would.

How do I go about getting a prepaid credit card?

You get a prepaid credit card by opening an account, about the same way you would open a new bank account. You open this new account and deposit a certain amount of money, the amount is entirely up to you. Soon after you are issued a prepaid credit card, that cane be used anywhere a regular credit card can be.

So I can spend like no tomorrow?

No, with a prepaid credit card your limit is the amount of money you put into your account, once that is gone, your card can not be used anymore. Once you deposit more money into the account you can again use the card. Also to add money into your account you may sometimes be charged a fee, this fee may be charged every time you deposit money into the account, this is solely based on the bank you open your account with, so make sure you know when you open it.

So what is the difference between a credit card and a prepaid credit card?

A prepaid credit card is much like a regular credit card, except there are no fees. A prepaid credit card does not charge any APR and you never receive a credit card bill. A prepaid credit card however does not build your credit whereas a credit card will. Think of it this way, with a prepaid credit card you are way less likely to ever go into debt.

Downfalls

If you were hoping to get a prepaid credit card to allow you to buy an online subscription think again. Some businesses today do not allow prepaid credit cards, for the fear of there not being any money when it comes to taking it out to pay for the bills. Again having a prepaid credit card does not build your credit so be aware of this.

Who was this card made for?

The prepaid credit card was designed to target those people who did not want to have to worry about going into debt, receiving a monthly bill, or even carrying paper money around with them at all times. This was also a way for parents to give their children a bit more freedom without having to worry about them going insane with their money.

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